Hormel Strikes $1.06 Billion Deal to Expand Its Chicken Business

Hormel Foods Corp. has agreed to acquire Brakebush Brothers LLC for approximately $1.055 billion, aiming to enhance its presence in the value-added chicken market. Brakebush generated about $1.2 billion in net sales over the past year and operates multiple production facilities. The transaction is expected to close in Hormel's fiscal first quarter of 2027 and is projected to contribute to adjusted earnings per share starting in fiscal 2028. Hormel's shares rose 0.98% to $20.04 following the announcement.